$240,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $240k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 240,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $240,000 house.
2% interest
0% down$887.09/mo
5% down$842.73/mo
10% down$798.38/mo
15% down$754.02/mo
20% down$709.67/mo
25% down$665.32/mo
30% down$620.96/mo
35% down$576.61/mo
40% down$532.25/mo
45% down$487.90/mo
50% down$443.54/mo
4% interest
0% down$1,145.80/mo
5% down$1,088.51/mo
10% down$1,031.22/mo
15% down$973.93/mo
20% down$916.64/mo
25% down$859.35/mo
30% down$802.06/mo
35% down$744.77/mo
40% down$687.48/mo
45% down$630.19/mo
50% down$572.90/mo
6% interest
0% down$1,438.92/mo
5% down$1,366.98/mo
10% down$1,295.03/mo
15% down$1,223.08/mo
20% down$1,151.14/mo
25% down$1,079.19/mo
30% down$1,007.24/mo
35% down$935.30/mo
40% down$863.35/mo
45% down$791.41/mo
50% down$719.46/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 240,000 house with a 20% down payment?
($192,000 loan. 30 year mortgage)
0.25%$553.64
0.50%$574.44
0.75%$595.75
1.00%$617.55
1.25%$639.84
1.50%$662.63
1.75%$685.91
2.00%$709.67
2.25%$733.91
2.50%$758.63
2.75%$783.82
3.00%$809.48
3.25%$835.60
3.50%$862.17
3.75%$889.18
4.00%$916.64
4.25%$944.52
4.50%$972.84
4.75%$1,001.56
5.00%$1,030.70
5.25%$1,060.23
5.50%$1,090.15
5.75%$1,120.46
6.00%$1,151.14
6.25%$1,182.18
6.50%$1,213.57
6.75%$1,245.31
7.00%$1,277.38
7.25%$1,309.78
7.50%$1,342.49
7.75%$1,375.51
8.00%$1,408.83
8.25%$1,442.43
8.50%$1,476.31
8.75%$1,510.46
9.00%$1,544.88
9.25%$1,579.54
9.50%$1,614.44
9.75%$1,649.58
10.00%$1,684.94
10.25%$1,720.51
10.50%$1,756.30
10.75%$1,792.28
11.00%$1,828.46
11.25%$1,864.82
11.50%$1,901.36
11.75%$1,938.07
12.00%$1,974.94